Myths surrounding the effectiveness of women principals abound. This paper dispels some of those myths by citing studies that show (1) teacher morale in schools with women principals is either equal to or higher than that in schools with male principals, (2) women principals are more effective at resolving conflicts with staff members, (3) teachers believe there is no difference in the leadership abilities of men and women principals, (4) women principals more often bring about productive behavior on the part of their teachers, and (5) women principals speak and act more often as representatives of the group. The paper concludes that most anxieties associated with the myths can be dissipated by careful selection and preparation of women principals. (Author/LD)